Atlas Copco Buys One US, Two UK Companies
November 02 2022 - 8:59AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish industrial tool maker Atlas Copco AB said
Wednesday it has acquired Aircel LLC, a U.S.-based provider of air
treatment and air-purification solutions.
Privately-owned Aircel is headquartered in Maryville, Tennessee,
and has 19 employees. Revenue totaled $6.4 million in 2021.
In a separate statement, Atlas Copco also announced the
acquisition of Precision Pneumatics Ltd and Wearside Pneumatics
Ltd, two compressed air distributors and service providers in the
U.K.
Precision Pneumatics Ltd is based near Liverpool and has 26
employees, while Wearside Pneumatics is based near Newcastle upon
Tyne and has 17 employees.
Both U.K. companies are privately-owned by the same owners.
The purchase prices for the acquisitions weren't disclosed.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
November 02, 2022 08:44 ET (12:44 GMT)
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